When you are figuring out how to charge more for your items, keep in mind that every amount of effort you put into your product matters and should cost a bit extra for those who are willing to pay for it. If you have an item you want to sell, don’t sell it short, that could have damaging effects for your business. People will spend more for a couple different reasons, one of them is gift giving, people don’t like to give cheap items as gifts.
- There are times when your customers are shopping for a gift and they want the recipient to know they picked out something special.
- Your handmade business should not be appealing to shoppers who want the lowest price.
- When shoppers want something that’s out of the ordinary, they’re willing to pay more.
“Of course, there’s a right way and a wrong way to raise prices. And I’m not suggesting you simply slap a higher price tag on existing products.”